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L3Harris Technologies LHX Contract Assets

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Other financials

Income statement

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Revenue$5.7B+11.9%
Gross profit$1.4B+3.9%
Operating income$652.0M+24.2%
Net income$512.0M+32.6%
EPS (diluted)$2.72+33.3%

Balance sheet

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Cash & equivalents$590.0M+14.1%
Total debt$11.4B-7.3%
Total equity$19.7B+2.9%
Total assets$41.4B+0.3%

Cash flow

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Operating cash flow-$95.0M-126%
CapEx$99.0M+67.8%
Free cash flow-$194.0M-92.1%

Valuation

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Market cap$53.52B+14.7%
Enterprise value$64.28B+10.1%
P/E30.9×+1.8×
P/S1.4×+0.1×

Profitability

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Gross margin25.5%-0.6pp
Operating margin10.2%+1.0pp
Net margin4.5%+0.1pp
FCF margin6.7%+0.6pp

Returns & leverage

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Return on equity8.9%+0.4pp
Debt / equity0.6×-0.1×
Current ratio1×0.0×

Where this comes from

Reported directly by L3Harris Technologies in its filing.

Tagged under the XBRL concept us-gaap:ContractWithCustomerAssetNetCurrent.

The official record: L3Harris Technologies’s 10-Q, filed April 30, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is L3Harris Technologies's contract assets?
L3Harris Technologies (LHX) reported contract assets of $3.53B in Q1 2026.
How has L3Harris Technologies's contract assets changed year-over-year?
L3Harris Technologies's contract assets decreased by 3.1% year-over-year, from $3.64B to $3.53B.
What is the long-term trend for L3Harris Technologies's contract assets?
Over 5 years (2020 to 2025), L3Harris Technologies's contract assets has grown at a 7.9% compound annual growth rate (CAGR), from $2.44B to $3.57B.
What does contract assets mean?
Revenue recognized under ASC 606 where the right to payment is conditional on something other than the passage of time — work performed but not yet billable.